BlackBerry commits to five more years of smartphones

But continues to bleed

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BlackBerry has just signed up for a five-year partnership with Taiwanese iPhone maker Foxconn.

The two will work together to create new devices, according to BlackBerry, which stated that the initial focus of the partnership will be Indonesia and "other fast-growing markets" with an early 2014 target.

The news comes on the same day that BlackBerry announced a painful third-quarter loss of $4.4bn, with the company only shipping 1.9 million smartphones last quarter compared to 3.7 million the quarter before. It's even had to cancel its annual developer conference, BlackBerry Live - an event which has been running for 12 years.

New year's resolution

"Partnering with Foxconn allows BlackBerry to focus on what we do best – iconic design, world-class security, software development and enterprise mobile management," said BlackBerry's new CEO John Chen.

Chen also made it clear that it's committed to hardware "for the long-term", despite the company's declining fortunes.

While it will be focusing on emerging markets for the time being, we could well see some Foxconn-built handsets winging our way in the near future.

For now, we just hope that BlackBerry's new partnership can help it to turn its fortunes around.